1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qwelly [4]
4 years ago
9

Business at Korey's Comics has been good, and Korey expects the same business next month. However, due to an increase in busines

s, Korey has made the decision to bring on an extra hand to help run the store in the afternoons. The new employee will make $435 per month. How does this change affect Korey's monthly net income?
Business
1 answer:
Bezzdna [24]4 years ago
7 0

Answer:

ADDITIONAL REVENUE & ADDITIONAL COST

Explanation:

If Korey has made the decision to bring on an extra hand to help run the store in the afternoons and the new employee will make $435 per month; then there are 2 changes that will happen to the monthly net income

1. Increased Revenue: Since the new employee will be bringing in additional revenue of $435, then the direct impact of that is an increment in the revenue line of the income statement

2. Increased Costs: Secondly, this change will affect Korey's monthly net income in the area of cost because he has to pay the extra hand some sort of monthly salaries which will have a reducing effect on profit.

You might be interested in
Assume the government sets a price ceiling, or maximum price800 rent per month Based on the graphwhat will be the outcome of thi
Semmy [17]

The outcome of the ceiling price $800 rent is that the quantity supplied will remains at the same.

<h3>What is a price ceiling?</h3>

This refers to a price order by the government that keeps a price from rising above a certain level known as the “ceiling”.

In the graph, the horizontal line at the price of $800 shows the maximum price set by the rent control law.

The forces that shifted the demand curve to the right are still there, but, at this price, the quantity supplied will remains at the same 15,000 rental units although the quantity demanded is 19,000 rental units.

Read more about price ceiling

<em>brainly.com/question/2759444</em>

#SPJ1

5 0
2 years ago
Services are defined as
AleksandrR [38]

Answer:

services are defined as:

C) the intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.

Explanation:

A service is a intangible activity that is provided to persons in order to satisfy a need. It is the contrary to a product because a product is tangible and is manufactured. However, services are not manufactured but they are provided to each specific client.

Examples or services are: medical services, education, lawyers advisory, internet connection, counselling, telemarketing.    

8 0
3 years ago
Exercise 7-14A Recording Credit Card Sales LO 7-6 Luna Company accepted credit cards in payment for $6,950 of services performed
Mamont248 [21]

Answer:

See the explanation below:

Explanation:

Interest expenses = $6,950 × 3.75% = $261

Cash received =  $6,950 - $261 = $6,689

The payment an be in two forms; it can be immediate or delayed. The two are done below:

a. Journal Entries for Immediate payment

Details                                        Dr ($)            Cr ($)

Cash                                            6,689

Card expenses                               261

Sales                                                                 6,950          

b. Journal Entries for delayed payment

When the transaction is carried out, we have:

Details                                           Dr ($)            Cr ($)

Account receivables                    6,689

Card expenses                                 261

Sales                                                                  6,950

When the payment is received, we have:

Details                                           Dr ($)            Cr ($)

Cash                                               6,689

Account receivables                                          6,689

3 0
3 years ago
Gary has been running a small supermarket for many years. He sells different types of perishables as well as seasonal products.
s2008m [1.1K]

Answer:

Sell two to three food products together as a package to increase sales.

Explanation:

In most of the supermarkets, the concepts of the combo are used that means many supermarkets merge few products in one packet so than the company sales would be increased

Since in the question it is mentioned that Gary who runs a supermarket for many years. He deals in perishable and seasonal products

In order to cover the aspects of distribution, option B is correct as it is directly linked to the supermarket sales  

7 0
3 years ago
A group's interpersonal compatibility may be assessed by examining which set of interpersonal needs? need for achievement, inclu
motikmotik

The answer is <u>"need for inclusion, control, and affection".</u>


Inclusion, sometimes called Involvement, is about the need to have a place. The desire to be perceived, to be a piece of the gathering, is Wanted Inclusion. It could be a work gathering, a book club, a family circle, a games group (or a gathering that watches a specific game), a volunteer gathering, or even an association.  

Control, sometimes called Influence, is another interpersonal need that may persuade a person's conduct. The need to lead, impact, give structure, settle on the choices is Expressed Control.  

Affection, sometimes called Connection, is around balanced connections and the enthusiastic ties and warm associations between individuals. Needed Affection needs to do with how much warmth and closeness you need seeing someone.

7 0
3 years ago
Other questions:
  • Antonio is a small business owner and files jointly with his spouse. In 2019, he generates $100,000 of net profits from his busi
    12·1 answer
  • Suppose the United States enacts legislation granting all workers, including newly arrived immigrants, a minimum income floor of
    7·1 answer
  • Joe needs display racks and cabinets to open his clothing store, but he doesn't have the money to pay for them right away. A sup
    15·1 answer
  • When the economy of a country is operating close to its full capacity:?
    9·1 answer
  • You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you receive
    5·1 answer
  • Consider a hypothetical closed economy in which households spend $0.70 of each additional dollar they earn and save the remainin
    11·1 answer
  • Do the Math 3-3 Ratio Analyses Use the following balance sheet and cash flow statement information to answer the questions below
    6·1 answer
  • The Up and Coming Corporation's common stock has a beta of 0.9. If the risk-free rate is 4 percent and the expected return on th
    9·1 answer
  • Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019:
    8·1 answer
  • A(n) dr plan ensures that critical business functions continue if a catastrophic incident or disaster occurs. _____
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!